As a venture investor focused on AI-enabled software, I’m a promoter of the technology. It can and does provide enhanced value.
But over the past three weeks, attending the RSA Security Conference in San Francisco and AI Congress in Las Vegas, I have become somewhat concerned about the market. Both shows drove home how overhyped my beloved focus area has become.
This AI overmarketing is going to confuse, frustrate and ultimately disillusion potential customers.
This hype began over a year ago. In fact, last year, Gartner proclaimed that AI had reached the “peak of inflated expectation.” All the signs pointed to that view: There has been mass media coverage, usage has grown from early adopters and negative press has begun.